WASHINGTON—AARP Executive Vice President and Chief Advocacy and Engagement Officer Nancy LeaMond released the following statement today in response to the Center for Medicare & Medicaid Services’ announcement on the increase in Medicare premiums and deductibles for 2020.
“This announcement is another clear example of how prescription drug prices are rising faster than inflation and how drug company greed is hurting seniors. With Medicare premiums increasing nearly 7% while Social Security payments will increase less than 2%, Congress needs to immediately act to lower prescription drug prices. Seniors cannot continue to wait.”
For more on AARP’s Stop Rx Greed nationwide campaign to lower prescription drug prices, visit www.aarp.org/rx.
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AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the nation's largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media.